Mon Sep 23 17:36:45 UTC 2024: ## Mount Yale Investment Advisors Trims Stake in Automatic Data Processing

**New York, NY – September 23, 2024** – Mount Yale Investment Advisors LLC, a prominent investment firm, has reduced its stake in Automatic Data Processing, Inc. (ADP) by 1.5% during the second quarter, according to HoldingsChannel.com. The firm now owns 7,337 shares of the business services provider, valued at $1,751,000.

Several other institutional investors have also adjusted their positions in ADP. Notably, Kiely Wealth Advisory Group Inc. purchased a new stake in the company worth approximately $27,000, while Keener Financial Planning LLC increased its holdings by 230.3% to 109 shares, valued at $28,000.

Meanwhile, insider transactions have seen a significant number of shares sold in recent months. VP Michael A. Bonarti sold 26,442 shares on August 26th, while Director Carlos A. Rodriguez sold 9,203 shares on September 6th. In total, insiders have sold 58,817 shares worth $15,999,208 in the past 90 days.

Automatic Data Processing, a leading provider of cloud-based human capital management solutions, reported strong quarterly earnings results on July 31st, exceeding analysts’ expectations. The company also declared a quarterly dividend of $1.40 per share, payable on October 1st.

ADP’s stock opened at $276.41 on Monday, with a market capitalization of $113.13 billion. The company’s performance remains closely watched by investors and analysts, with institutional investors holding 80.03% of the stock and insiders holding 0.26%.

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